Bank to Pay $200,000 to Commodity Futures Trading Commission

Morgan Stanley has agreed to pay $200,000 to settle civil charges it exceeded speculative position limits in soybean meal futures, the U.S. Commodity Futures Trading Commission said Monday.

The CFTC said that, starting Jan. 14, 2013, the bank's in-house accounts held net long positions in soybean meal futures contract trading on the Chicago Board of Trade that exceeded the all-months speculative position limit of 6,500, according to the CFTC.